Been getting pretty bored trading, so I have decided to start this journal! We will see where it goes.
A little bit about how I trade: I do not use any indicators at all. I will use some trend lines or valid and logical chart patterns (H&S, flags, double top, etc).
My trading success will be as a result of strict money management, rigid stop losses (I actually like the "hedging stop loss strategy" that Jacko talked about in his thread), and finally long term trend trading. I will be watching EUR/USD, GBP/USD, XAU/USD, USD/JPY, USD/CAD, USD/CHF, and any relevant crosses.
More or less I have a limit on loss, while letting gains run on…which theoretically puts you in the green.
(Ill risk 5% max per trade, yea i know its a little much, however I am trading on a bankroll acquired mostly from trading, and as a college student, I can sustain larger risks due to my almost non-existent Financial responsibilities)
I am using 50:1 leverage and trading mini-lots. Bankroll is hovering around 21k.
Feel free to come post whatever you like, criticize, comment, whatever! I would especially like feedback on my risk tolerance…so please come post….seasoned traders and newbie’s alike!
A little bit about how I trade: I do not use any indicators at all. I will use some trend lines or valid and logical chart patterns (H&S, flags, double top, etc).
My trading success will be as a result of strict money management, rigid stop losses (I actually like the "hedging stop loss strategy" that Jacko talked about in his thread), and finally long term trend trading. I will be watching EUR/USD, GBP/USD, XAU/USD, USD/JPY, USD/CAD, USD/CHF, and any relevant crosses.
More or less I have a limit on loss, while letting gains run on…which theoretically puts you in the green.
(Ill risk 5% max per trade, yea i know its a little much, however I am trading on a bankroll acquired mostly from trading, and as a college student, I can sustain larger risks due to my almost non-existent Financial responsibilities)
I am using 50:1 leverage and trading mini-lots. Bankroll is hovering around 21k.
Feel free to come post whatever you like, criticize, comment, whatever! I would especially like feedback on my risk tolerance…so please come post….seasoned traders and newbie’s alike!